Nigeria and south africa news

Here are some recent news updates from Nigeria and South Africa:

Nigeria:

  1. Nigeria's economy grows by 2.3% in Q1 2023: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 2.3% in the first quarter of 2023, driven by growth in the agriculture and services sectors. (Source: Vanguard)
  2. Buhari signs bill to establish National Centre for Disease Control: President Muhammadu Buhari has signed a bill into law to establish the National Centre for Disease Control, aimed at improving the country's response to public health emergencies. (Source: Premium Times)
  3. Nigeria's inflation rate drops to 17.1% in April: The NBS has announced that Nigeria's inflation rate dropped to 17.1% in April, the lowest in 14 months, due to a decline in food prices. (Source: This Day)
  4. Nigeria's power sector records 4,000MW generation capacity: The Transmission Company of Nigeria (TCN) has announced that the country's power sector has recorded a generation capacity of 4,000 megawatts (MW), the highest in over a decade. (Source: The Nation)

South Africa:

  1. South Africa's economy contracts by 0.7% in Q1 2023: The South African Reserve Bank (SARB) has announced that the country's economy contracted by 0.7% in the first quarter of 2023, driven by a decline in agricultural production and a slowdown in manufacturing. (Source: Business Day)
  2. Ramaphosa announces plans to reform South Africa's mining sector: President Cyril Ramaphosa has announced plans to reform the country's mining sector, including the introduction of a new mining charter and the establishment of a mining industry development fund. (Source: News24)
  3. South Africa's unemployment rate drops to 29.1% in Q1 2023: The South African Reserve Bank (SARB) has announced that the country's unemployment rate dropped to 29.1% in the first quarter of 2023, driven by a decline in the number of people seeking work. (Source: Fin24)
  4. South Africa's rand strengthens against the US dollar: The South African rand has strengthened against the US dollar, driven by a decline in inflation expectations and a rise in investor confidence in the country's economy. (Source: Bloomberg)